M&T Bank Corp Buys 145,879 Shares of Qorvo, Inc. $QRVO

Key Points

• M&T Bank Corp boosted its Qorvo stake by 3,397.3% in Q4, acquiring 145,879 additional shares to hold 150,173 shares (about 0.16% of the company) worth $12.69 million.
• Qorvo beat quarterly expectations, reporting EPS of $2.17 vs. $1.93 expected and revenue of $993 million vs. $984.1 million, with revenue up 8.4% year-over-year and guidance of $1.05–$1.35 EPS for Q4 2026.
• Analyst sentiment is largely cautious with an average "Hold" rating and a $93.94 average price target (3 Buy, 17 Hold, 1 Sell), and several firms recently trimmed their targets.

M&T Bank Corp lifted its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 3,397.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,173 shares of the semiconductor company's stock after acquiring an additional 145,879 shares during the period. M&T Bank Corp owned 0.16% of Qorvo worth $12,691,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new position in shares of Qorvo in the 3rd quarter worth $25,000. Winnow Wealth LLC bought a new position in shares of Qorvo in the 3rd quarter worth $27,000. Stance Capital LLC bought a new position in shares of Qorvo in the 3rd quarter worth $27,000. Salomon & Ludwin LLC bought a new position in shares of Qorvo in the 3rd quarter worth $34,000. Finally, Sound Income Strategies LLC raised its position in shares of Qorvo by 952.8% in the 4th quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 343 shares in the last quarter. 88.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on QRVO shares. Weiss Ratings raised Qorvo from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, January 29th. Susquehanna dropped their target price on Qorvo from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, January 22nd. Morgan Stanley set a $84.00 target price on Qorvo in a research note on Wednesday, January 28th. Mizuho restated an "underperform" rating and set a $66.00 target price (down from $70.00) on shares of Qorvo in a research note on Monday. Finally, Citigroup dropped their target price on Qorvo from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $93.94.

Qorvo Stock Down 0.4%

Qorvo stock opened at $84.65 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The business's 50-day simple moving average is $80.34 and its two-hundred day simple moving average is $84.01. The company has a market cap of $7.85 billion, a PE ratio of 23.32, a PEG ratio of 1.34 and a beta of 1.34. Qorvo, Inc. has a fifty-two week low of $60.92 and a fifty-two week high of $106.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $984.10 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts anticipate that Qorvo, Inc. will post 5.29 EPS for the current year.

Qorvo Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo's product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.

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